When we proxy trade finance by the sum of trade finance loans and export-adjusted notes receivable, elasticity estimates range between 0.18-0.31 depending on the sample of exporters. These estimates are comparable to single and multi-instrument…
From September 12 to 16, 2024, the 2024 China International Fair for Trade in Services was held in Beijing. The theme of this year's CIFTIS is "Global Services, Mutual Benefit and Sharing", and more than 1,000 achievements have been…
This review published by the WCP Chair in China (Beijing) provides an update on the activities of the WTO. It is available at https://mp.weixin.qq.com/s/E38lMvfcxby0jmT-Mv00gA
This report evaluates the impact of the Sino-Swiss Free Trade Agreement (SSFTA) through an in-depth analysis of its utilization rates and trade deficits. Part II focuses on the methodology for calculating SSFTA utilization, refined by Chinese and…
Spillover Effects of Government Subsidies On Outward Foreign Direct Investment: Evidence from China.
We examine the effect of government subsidies on outward foreign direct investment (OFDI) by Chinese listed firms. Based on a panel dataset covering Chinese listed firms from 2009 to 2021, our findings indicate that government subsidies can promote…
Resolving the crisis in the dispute settlement system is a priority issue for the reform of the World Trade Organization (WTO), and Members have made sustained efforts in this regard. Since the Twelfth Ministerial Conference (MC12), discussions on…
Authors: Zhou N., Nan Kong., Bingjie Wang., Zhang Y
Based on the comprehensive measures of digital technology and cross-country services trade database, our study empirically examines the impacts of digital technology on export in services. We find…
We study the effect of the labor clauses (LCs) in preferential trade agreements (PTAs) on the informal economy. Using a sample comprising 112 countries for the period 2000-2017, we show that PTAs increase informality in low- and middle-income…
There is broad consensus that job creation and productive employment are key to building a vibrant, inclusive economy. The digital era holds potential to expand employment opportunities, especially in Africa, where unemployment is high and economic…
This empirical study aims to investigate the effects of political instability on economic volatility and monetary policy conduct. The econometric methodology adopted is the Panel Auto-Regressive Distributed Lag (PARDL). The instability variable was…